Lloyds Banking Group will pay a dividend of 0.75p per share to investors, after reporting a better-than-expected rise in profit.» Read More
Patrick Legland, head of global research at Societe Generale, says that despite Draghi's tougher-than-usual stance and Germany wanting to make Cyprus an example, everybody will try to find a solution to the Cyprus crisis.
European shares open lower as Cyprus, Russia talks end.
Natalia Orlova, chief economist at Alfa Bank tells CNBC's Steve Sedgwick that Russian companies and banks were using Cyprus as a transit economy and that the Depositor Tax would damage the way they were doing business.
Dr Alexander Apostolides of the European University Cyprus, tells CNBC that a depositor tax does not make sense without a restructuring of Cyprus' debt, arguing that a deal with the Troika would be preferred but that central powers need to be flexible.
Robert Wood, chief U.K. economist at Berenberg, tells CNBC the euro zone is in "for a tough ride", but that current problems in Cyprus and Italy do not undermine fundamental changes going on in Europe, and argues the biggest risk to the region would be for outgoing Italian Prime Minister Mario Monti's reforms to be undone.
Pay for Credit Suisse Chief Executive Brady Dougan rose by more than one third to 7.77 million Swiss francs ($8.22 million) in 2012, the Swiss bank said on Friday.
Pete Westin, chief equity strategist at Aton Aton tells CNBC's Steve Sedgwick that so many Russian companies have operations in Cyprus for tax reasons and an end to the agreement between Cyprus and Russia could have big implications for these companies.
Ex-French president Nicolas Sarkozy was placed under formal investigation on Thursday for "abuse of weakness" in a 2007 party funding case involving elderly L'Oreal heiress Liliane Bettencourt, the public prosecutor said.
Jane Foley, senior currency strategist at Rabobank, says the markets¿ calm response to the Cyprus crisis offers less incentive for EU ministers to act and that there¿s a greater risk of Cyprus exiting the euro zone than there was for Greece.
Standard & Poor's cut the sovereign long-term foreign currency credit rating on Cyprus deeper into junk status on Thursday, lowering the rating to CCC from CCC-plus.
The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system.
Cyprus is working to secure a bailout, with CNBC's Michelle Caruso-Cabrera; and how this is impacting the rest of the world, with Gary Shapiro, Consumer Electronics Association CEO; Larry McDonald, Newedge; and Dan Greenhaus, BTIG.
Michael Woolfolk of Bank of New York Mellon explains why equity and currency markets remain vulnerable as investors have not fully priced in the perfect storm scenario for Cyprus.
Douglas Rediker, Visiting Fellow at Peterson Institute for International Economics, explains why he thinks it's too late for Russia to play the role of white knight for Cyprus.
CNBC's Michelle Caruso-Cabrera reports on the latest details of Cyprus' bailout negotiations; and discussing the chances the Dow could hit 18,000 by the end of 2014, with the "Fast Money" traders and Jeremy Siegel, University of Pennsylvania Wharton School Finance.
Central bank of Cyprus urges resolution to the banking crisis, reports CNBC's Michelle Caruso-Cabrera.
Turkey could challenge any move by Cyprus to speed up offshore natural gas exploration as a way of attracting investment to save its economy, Turkish officials said.
For Cyprus—and for Europe—the clock is ticking, with the prospect of the eastern Mediterranean island exiting the euro zone or defaulting on its debt looming ever larger. Click ahead to see how the crisis has unfolded.
The banks are still closed in Cyprus but the ATM lines are growing, reports CNBC's Michelle Caruso-Cabrera.
Russian state oil company Rosneft closed its deal to buy TNK-BP from UK-based BP and four tycoons on Thursday, releasing $40 billion cash to the sellers and becoming a bigger oil producer than Exxon Mobil.
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If the U.S. Federal Reserve does raise rates in June, what does this mean for global markets? Geoff Dennis, head of GEM equity strategy at UBS, weighs in.
The FCC has voted yes to regulate net neutrality in the U.S. CNBC's Eamon Javers, files this report.
Ben Lichtenstein, president of TradersAudio.com, talks about the current state of the Nasdaq and his stock picks.